Gold Analysis
XAUUSD Gold price is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
The head of US intelligence said fighting in Ukraine was reduced and that both militaries were looking to resupply to prepare for a counteroffensive after the winter. Russia’s defense ministry said its troops conducted successful operations in Bakhmut and pushed back Ukrainian troops.
USDJPY Analysis
USDJPY is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
Japan’s service sector activity is at the slowest it has been in three months. This is mainly due to the ongoing inflation, which is not dying any time soon. It is also due to the ease of COVID restrictions and the increase in both foreign and domestic shopping sprees.
USDCHF Analysis
USDCHF is moving in the Descending channel and the market has reached the lower low area of the channel.
On Thursday, the Swiss economics ministry revealed that it has frozen $7.94 billion in Russian assets. This is in addition to 15 properties owned by sanctioned legal companies and people in Russia. The sanctioned amount is only a fraction of all Russian assets in Switzerland.
EURUSD Analysis
EURUSD is moving in an Ascending channel and the market has reached the higher high area of the channel.
Some European officials are trying to calm fears of a trade war over a recently passed US climate-subsidy law. Amid talk of a breakthrough with the US, Commission President Ursula von der Leyen yesterday pushed for the bloc to change rules and consider green transition funding.
GBPUSD Analysis
GBPUSD is moving in an Ascending channel and the market has reached the higher high area of the channel.
UK hopes that controversial Brexit checks on goods crossing the Irish sea can be eliminated have risen after early analysis of government data showed that at least 85% of goods arriving in Northern Ireland from Great Britain stay in factories or shops in the region.
NZDUSD Analysis
NZDUSD is moving in an Ascending channel and the market has reached the higher low area of the channel.
New Zealand will launch an official inquiry into its Covid-19 response so that future governments are better prepared to deal with pandemics, prime minister Jacinda Ardern has announced. This is being done in preparation for a potential future pandemic.
CHFJPY Analysis
CHFJPY is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
Japan, Britain, and Italy will announce a groundbreaking agreement as early as next week to jointly develop a new advanced jet fighter. This agreement will provide Japan with new security partners that can help it counter neighboring China’s growing military power.
AUDJPY Analysis
AUDJPY is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
The recently revised joint declaration on security cooperation between Japan and Australia has covered several aspects, including military, cyber security, and intelligence among others. This change is fundamentally driven by China’s expansionist behavior and its assertiveness.
CADJPY Analysis
CADJPY is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
China’s zero-COVID lockdowns have been linked to a rare wave of protests across the country in recent weeks, and immigration industry experts say the strict pandemic rules are also fueling a surge in requests to live in Canada.
Crude Oil Analysis
Crude Oil has broken the Descending channel in upside.
Three Chinese astronauts have returned to Earth after completing a six-month mission aboard China’s space station. They left for space on 5 June to oversee the final construction stage of the Tiangong space station, which was completed in November.
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